Denver only licenses a primary residence. Arvada, right next door, still lets an investor permit a whole home. The catch is a tighter rulebook that took effect May 1, 2026.
Rates and occupancy: PriceLabs market data for 171 comparable four-bedroom listings in Arvada (occupancy across 4–6 bedroom homes), pulled October 24, 2026. Rates are current asking prices for the next 12 months, not booked rates. Occupancy covers October 2025 to September 2026.
Arvada allows short-term rentals in a primary or non-primary home, which makes it one of the few places on Denver's west side where a straight investment property can still be permitted. You need two things from the city: an STR permit and a business license.
The rules were rewritten by Ordinance No. 4917, with the main changes effective May 1, 2026. Three of them matter most to a buyer. The permit has to be issued to a real person who owns at least 20% of the property, so an LLC can own the house but cannot hold the permit. One person can run up to three STRs in the city. And a property can host guests for no more than 240 days a year, with an annual rental log to prove it.
That last rule is the one people miss. The Arvada market ran about 63% occupied over the past year, roughly 230 nights. A strong listing can hit the cap, so a pro forma that assumes 80% occupancy is counting nights you can't legally book.
What the city requires before you list, and what changes when a property sells.
Across 171 comparable four-bedroom listings, the middle half of asking rates for the next 12 months runs $316 to $456 a night. Five-bedroom homes (132 comps) ask $392 to $543. These are asking prices, not what guests actually paid.
Occupancy across four- to six-bedroom homes averaged about 63% from October 2025 to September 2026. July was the high point at 79%, and February the low at 52%. Thanksgiving week is the biggest single spike, which tells you this is a family-visit market as much as a tourist one.
What a specific house will earn depends on things a market average can't see: bedroom count, sleeping layout, parking, the street, and how close it sits to the 240-night ceiling. That's the part I run for clients.
The public rules get you to "allowed." These are the questions that decide whether a specific house works.
Send me the address. I'll tell you whether it can be permitted, what it should realistically book under the 240-night limit, and whether the price makes sense.
Covest LLC is a licensed Colorado real estate brokerage. This page is general information, not legal or tax advice, and rules change. Confirm current requirements with the City of Arvada before you buy.
One call with Shalom. We'll check the permit path, the 240-night math and the HOA before you write an offer.